FAROW
ActiveSummary
FAROW has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €839,998 and a net result of -€283,274. Equity is shrinking by ~12.8% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2026. Its solvency ranks better than 78% of 483 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability0=
Solvency100▲+100
Growth52▼-6
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €55,000 at 30 days acceptable
Liquidity ample (current ratio 6.78 against 0.73 in 2024; short-term debt: 11.9% and cash: 2% of total assets), and 20.1% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Three signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 63
Relative position
BE, all sectors
reference
Computing infrastructure, data processing, hosting and other information service activities (NACE 63)
about 52% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 01-06-2026, 60 days ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2025
60 d early
2024
46 d early
2023
56 d early
2022
33 d early
2021
18 d early
2020
30 d late
2019
36 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 31 days before the deadline; the sector median for financial year 2024 is 10 days before the deadline, and 32% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Equity
€839,998
2024 · -€504,173
Total assets
€1.1m▲ 292%
2024 · €268,093
Net result
-€283,274▼ 183%
2024 · -€100,172
Working capital
€723,516
2024 · -€58,403
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 63, Computing infrastructure, data processing, hosting and other information service activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result-€28,028▲ 73.1%-€46,712▼ 66.7%-€33,319▲ 28.7%-€81,353▼ 144%-€264,259▼ 225%
Net result-€40,124below the sector's middle half▲ 65.2%-€58,610below the sector's middle half▼ 46.1%-€45,189below the sector's middle half▲ 22.9%-€100,172below the sector's middle half▼ 122%-€283,274below the sector's middle half▼ 183%
Equity-€362,614below the sector's middle half▼ 12.4%-€358,812below the sector's middle half▲ 1.0%-€404,001below the sector's middle half▼ 12.6%-€504,173below the sector's middle half▼ 24.8%€839,998above the sector's middle half
Total assets€104,190within the sector's middle half▼ 51.4%€32,073below the sector's middle half▼ 69.2%€294,161within the sector's middle half▲ 817%€268,093within the sector's middle half▼ 8.9%€1.1mwithin the sector's middle half▲ 292%
Debt€466,803▼ 13.0%€390,884▼ 16.3%€698,163▲ 78.6%€772,266▲ 10.6%€210,909▼ 72.7%
Working capital-€175,689▼ 28.1%-€187,865▼ 6.9%€19,192-€58,403€723,516
Solvency-348.0%below the sector's middle half▼ 197.6pp-137.3%below the sector's middle half-188.1%below the sector's middle half▼ 50.7pp79.9%above the sector's middle half▲ 268.0pp
Staff (FTE)0below the sector's middle half0below the sector's middle half0.3within the sector's middle half
above
within
below
the middle half (P25 to P75) of NACE 63, Computing infrastructure, data processing, hosting and other information service activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €264,259 in 2025 against €81,353 in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.1m
Fixed assets
€202,238 ▲ 81.2%
Current assets
€848,669 ▲ 442%
Equity and liabilities €1.1m
Equity
€839,998
Debt
€210,909
Debt finances 20.1% of the balance-sheet total.
Key figures and ratios
EBITDA
-€235,858▼
2024 · -€74,454
Cash flow
-€254,873▼
2024 · -€93,273
Current ratio
6.78▲
2024 · 0.73
Debt to equity
0.25▲
2024 · -1.53
ROE
-33.7%
ROA
-27.0%▲
2024 · -37.4%
Interest coverage
-11.24▼
2024 · -3.95
Debt ≤ 1 year
€125,153▼
2024 · €214,877
Debt > 1 year
€84,255▼
2024 · €551,998
Income taxes
€529
Staff costs
€17,310
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 3,595 companies that looked in July 2024 the way this one looks now, 2.8% went bankrupt within 24 months and 87% are still going.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a loss of 10% of the balance sheet or more
2.8%
went bankrupt
9.3%
stopped otherwise
87%
still going
A further 0.8% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.2% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 3,595 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €140 | €0 | - | - | €17,310 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €49,465 | €29,718 | €16,250 | €6,899 | €28,401 | ▲ 312% |
| Other operating charges640/8 | €464 | €917 | €446 | €449 | €612 | ▲ 36.1% |
| Gross operating margin9900 | €22,041 | -€16,078 | -€16,622 | -€74,005 | -€217,936 | ▼ 194% |
| Operating profit (loss)9901 | -€28,028 | -€46,712 | -€33,319 | -€81,353 | -€264,259 | ▼ 225% |
| Financial income75/76B | €2 | €67 | €1 | €7 | €2,498 | ▲ 34,499% |
| Recurring financial income75 | €2 | €67 | €1 | €7 | €2,498 | ▲ 34,499% |
| Financial charges65/66B | €12,098 | €11,964 | €11,872 | €18,826 | €20,984 | ▲ 11.5% |
| Recurring financial charges65 | €12,098 | €11,964 | €11,872 | €18,826 | €20,984 | ▲ 11.5% |
| Profit (loss) for the period before taxes9903 | -€40,124 | -€58,610 | -€45,189 | -€100,172 | -€282,745 | ▼ 182% |
| Income taxes67/77 | - | - | - | - | €529 | - |
| Profit (loss) for the period9904 | -€40,124 | -€58,610 | -€45,189 | -€100,172 | -€283,274 | ▼ 183% |
| Profit (loss) for the period to be appropriated9905 | -€40,124 | -€58,610 | -€45,189 | -€100,172 | -€283,274 | ▼ 183% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €104,190 | €32,073 | €294,161 | €268,093 | €1.1m | ▲ 292% |
| Fixed assets21/28 | €52,524 | €22,806 | €6,556 | €111,619 | €202,238 | ▲ 81.2% |
| Intangible fixed assets21 | €52,524 | €22,806 | €6,556 | €111,619 | €202,238 | ▲ 81.2% |
| Current assets29/58 | €51,666 | €9,267 | €287,605 | €156,474 | €848,669 | ▲ 442% |
| Amounts receivable within one year40/41 | €19,640 | €1,474 | €155,391 | €16,156 | €73,974 | ▲ 358% |
| Trade receivables40 | €16,209 | €0 | €1,150 | €8,058 | €39,743 | ▲ 393% |
| Other amounts receivable41 | €3,430 | €1,474 | €154,241 | €8,098 | €34,231 | ▲ 323% |
| Current investments50/53 | - | - | - | - | €751,234 | - |
| Cash at bank and in hand54/58 | €8,886 | €5,991 | €131,039 | €125,060 | €20,715 | ▼ 83.4% |
| Deferred charges and accrued income490/1 | €23,140 | €1,801 | €1,175 | €15,257 | €2,746 | ▼ 82.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €104,190 | €32,073 | €294,161 | €268,093 | €1.1m | ▲ 292% |
| Equity10/15 | -€362,614 | -€358,812 | -€404,001 | -€504,173 | €839,998 | ▲ 267% |
| Contributions10/11 | €327,221 | €389,633 | €389,633 | €389,633 | €2.0m | ▲ 418% |
| Capital10 | €79,718 | €142,130 | €142,130 | €142,130 | €243,749 | ▲ 71.5% |
| Issued capital100 | €91,096 | €142,130 | €142,130 | €142,130 | €243,749 | ▲ 71.5% |
| Uncalled capital101 | €11,378 | €0 | - | - | - | - |
| Outside capital11 | €247,503 | €247,503 | €247,503 | €247,503 | €1.8m | ▲ 616% |
| Share premium1100/10 | €247,503 | €247,503 | €247,503 | €247,503 | €1.8m | ▲ 616% |
| Profit (loss) carried forward14 | -€689,835 | -€748,445 | -€793,634 | -€893,806 | -€1.2m | ▼ 31.7% |
| Amounts payable17/49 | €466,803 | €390,884 | €698,163 | €772,266 | €210,909 | ▼ 72.7% |
| Amounts payable after more than one year17 | €239,103 | €191,800 | €426,026 | €551,998 | €84,255 | ▼ 84.7% |
| Financial debts170/4 | €235,917 | €191,800 | €426,026 | €551,998 | €84,255 | ▼ 84.7% |
| Other amounts payable178/9 | €3,186 | - | - | - | - | - |
| Amounts payable within one year42/48 | €227,354 | €197,132 | €268,413 | €214,877 | €125,153 | ▼ 41.8% |
| Current portion of amounts payable after more than one year42 | €33,763 | €36,600 | €93,074 | €49,297 | €53,323 | ▲ 8.2% |
| Financial debts43 | €127,339 | €126,817 | €127,099 | €128,939 | €5,719 | ▼ 95.6% |
| Credit institutions430/8 | €127,339 | €126,817 | €127,099 | €128,939 | €5,719 | ▼ 95.6% |
| Trade debts44 | €51,560 | €33,491 | €47,827 | €36,571 | €63,583 | ▲ 73.9% |
| Suppliers440/4 | €51,560 | €33,491 | €47,827 | €36,571 | €63,583 | ▲ 73.9% |
| Advances received on contracts in progress46 | €14,555 | - | - | - | - | - |
| Taxes, remuneration and social security45 | €137 | €217 | €407 | €62 | €2,528 | ▲ 3,965% |
| Taxes450/3 | €137 | €217 | €407 | €62 | €115 | ▲ 84.3% |
| Remuneration and social security454/9 | - | - | - | - | €2,413 | - |
| Other amounts payable47/48 | - | €7 | €7 | €7 | €0 | ▼ 100% |
| Accrued charges and deferred income492/3 | €346 | €1,953 | €3,723 | €5,391 | €1,500 | ▼ 72.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€40,124 | -€58,610 | -€45,189 | -€100,172 | -€283,274 | ▼ 183% |
| + Depreciation and write-downs630 | €49,465 | €29,718 | €16,250 | €6,899 | €28,401 | ▲ 312% |
| Operating cash flow (approximation) | €9,341 | -€28,892 | -€28,939 | -€93,273 | -€254,873 | ▼ 173% |
| Investment in fixed assets (approximation) | - | €0 | €0 | -€111,962 | -€119,019 | ▼ 6.3% |
| Change in cash | - | -€2,894 | €125,048 | -€5,979 | -€104,345 | ▼ 1,645% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
12-08
State Gazette act
Resignation: Dirk LOECKX (director)Director discharge · Power of attorney4 facts ▸
State Gazette act
Resignation: Dirk LOECKX (director)
Director discharge · Power of attorney4 facts ▸
- General meeting, 29-05-2026
- Director resignation, Dirk LOECKX (director)
- Director discharge, Dirk LOECKX (director)
- Power of attorney, MOORE FINANCE & TAX
01-06
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Weakest financial yearnet -€283,274
Net result drops to -€283,274, the lowest in the series.
31-12
Financial
Liquidity times 9current ratio 6.78
Current ratio from 0.73 to 6.78; short-term debt falls from €214,877 to €125,153.
31-12
Financial
Equity above €500,000Eq €839,998
Equity rises from -€504,173 to €839,998.
15-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
05-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Liquidity times 23current ratio 1.07
Current ratio from 0.05 to 1.07.
28-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
13-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 30 days late
2020
25-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
18-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 11 acts read
About the unread acts
Of the 11 Belgian State Gazette acts we know for this company, 1 has been read. The other 10 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
no sitting director, last change in 2026
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
Not every act has been read: a resignation may be missing here
10 of this company's 11 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Hasselt · 1 establishment unit since 2017
Ground area
3,380 m²
Parcel 71322A0540/00B002, Flanders. Linked by address, not a title deed.
67
companies at this address
See who is registered here
1 establishment unit
EPIHUNTER
since 20172.265.890.207
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71322A0540/00B002 | Flanders | 3,380 m² | - | - |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Mandate history
1 person since 2026, 0 in office
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| Loeckx Dirk |
|
Structure & network
Owners and holdings
1 ownerOwners 1
-
4.9%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
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Of 2,727 companies in sector 63100 we hold annual accounts for 1,271. 698 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded29-05-2017
Fiscal year end31-12
Activities, NACEBEL 2025
62100Computer programming
63100Computing infrastructure, data processing, hosting and related activities
73300Public relations and communication consultancy
Contact
E-mail
Tim.buckinx@epihunter.comHasselt
Phone
0473/489889Hasselt
E-invoicing
Reachable via Peppol
Peppol ID
0208:0676380406
Also
9925:BE0676380406
Registered
13-10-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.